Silver Wave Energy Pte Ltd Chairman Mr Minn Min Oung and BFI Chairman Giancarlo Tschuor have announced the formation of a Swiss and Singapore based joint venture business to take forward the development of Silver Wave's and Brilliant Oil Corporation Pte Ltd's 4 offshore oil and gas exploration blocks in Myanmar and one offshore block in Australia.

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Mr Minn Minn and Mr Tschuor envisage that the joint venture will be seeking additional oil and gas exploration opportunities in Myanmar, in other countries in the Asia region, in South Africa and elsewhere internationally.